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Chris Jacobs Profile picture
@chrisjacobsHC
Sep 29, 2020 • 11 tweets • 12 min read • Read on X
BREAKING: @JoeBiden AGAIN dodged thousands of dollars in #Obamacare and #Medicare taxes in his 2019 tax returns. RT/follow along for more details, as I update my @WSJopinion piece in real time...
wsj.com/articles/how-t…
@JoeBiden and @DrBiden released their 2019 tax returns a little bit ago -- you can view them here. They show the Bidens again used a loophole that I profiled in my @WSJopinion piece... 2/ joebiden.com/wp-content/upl…
The issue involves two corporations, CelticCapri Corp. and Giacoppa Corp., through which @JoeBiden @DrBiden funneled their book/speech income. Funneling the income through these S-corps allowed them to avoid #Medicare and #Obamacare payroll taxes... 3/
You can see from page 19 of their tax releases that @JoeBiden @DrBiden received $308,932 in wage income from the two corporations. They DID pay #SocialSecurity and #Medicare taxes on these wages. 4/ Image
However, page 10 of the return shows that @JoeBiden @DrBiden also received $228,703 in income from the two corporations as corporate profits, NOT wages. They DID NOT pay #SocialSecurity and #Medicare taxes on this income. 5/ Image
Given a #Medicare tax rate of 2.9%, @JoeBiden @DrBiden avoided paying roughly $6,632 in #Medicare taxes last year by funneling income through the two corporations. That's on top of the approx. $385K in #Medicare taxes they avoided in 2017 and 2018. 6/ wsj.com/articles/how-t…
Given an #Obamacare payroll tax rate of 0.9%, @JoeBiden @DrBiden also avoided paying roughly $2,058 in #Obamacare taxes by funneling income through their S-corps. Again, that's on top of the roughly $120K they avoided in 2017 and 2018. 7/ wsj.com/articles/how-t…
Before I hear the "But Trump!" rebuttal, I've said @POTUS should release his taxes, and if there are discrepancies, @IRSnews can and should hold him to account.

But whether Trump did or did not pay what he owed should have nothing to do with other people's actions. 8/
Moreover, @JoeBiden is running ads saying #Obamacare "is personal to me" -- at the same time he's dodging #Obamacare taxes.

How personal can it be if he won't pay for someone else's #PreExistingConditions...? 9/
If @TheDemocrats want to run on #Obamacare and #PreExistingConditions, EVERY DEMOCRAT running should have to explain @JoeBiden's conduct.

Do they support him not paying #Obamacare taxes? If not, what will they do about it? Should Biden get audited just like Trump...? 10/
As the old saying goes, people who live in glass houses shouldn't throw stones. If he wants to talk taxes, @JoeBiden's returns make all his claims about supporting #Obamacare go up in smoke.

And maybe, just maybe, @FoxNewsSunday's #ChrisWallace will call him on it tonight. END

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More from @chrisjacobsHC

Chris Jacobs Profile picture
Feb 8, 2023
THREAD: @JoeBiden attacked @GOP in #SOTU for wanting to 1) sunset Medicare/SS, 2) “cut” those programs, and hold the debt ceiling hostage to pass those “cuts.”

As we’ll see, those are all things BIDEN PROPOSED HIMSELF.

Follow/RT for additional details… 1/
Let’s start with sunsetting Medicare/SS. This is a topic @JoeBiden should be very familiar with—because he proposed it himself. In 1975, he sponsored a bill (S. 2067, 94th Congress) to sunset all federal programs every four years. 2/
Here’s the language of the bill, which revokes authorizations for all federal programs—including SS and Medicare—after four (not five) fiscal years. 3/ Image
Read 19 tweets
Chris Jacobs Profile picture
Sep 24, 2020
THREAD: Ahead of @realDonaldTrump speech on #healthcare, it's worth looking at how @JoeBiden's plan likely will undermine the existing system of employer health coverage.

Details in my report available here -- or follow/RT this thread... 1/ juniperresearchgroup.com/post/5608/how-…
Regarding employer coverage, @JoeBiden's health plan contains two key features. First, it would allow individuals who have an offer of employer coverage to go to the Exchanges and receive subsidies -- right now, they can't do that in most cases... 2/ joebiden.com/healthcare/#
Second, @JoeBiden wants to increase #Exchange subsidies. He would allow individuals with incomes over 400% of poverty (about $100K for a family of four) to qualify for them (they can't now). But he also wants to expand the existing subsidies for those under 400% of poverty... 3/
Read 19 tweets
Chris Jacobs Profile picture
Aug 23, 2020
Absolutely AWFUL decision by @IndyCar to end #Indy500 under caution. Anticlimactic, and deprived the fans of the shootout we deserved. Big 👎👎👎 to @IMS @PenskeMedia @jdouglas4 for a bad call!!!
This action is also totally inconsistent with 2014 #Indy500, where @IndyCar threw a red flag with nine laps to go to guarantee a green flag finish.

The drivers, teams, and fans all deserve CONSISTENT calls by @IndyCar. They didn’t get it today. usatoday.com/story/sports/m…
The cynic in me says @IndyCar might not have thrown the red flag late in #Indy500 because @NBCSports wanted to end the broadcast by 6:00 Eastern. If so, that would make a bad decision even worse...
Read 4 tweets
Chris Jacobs Profile picture
Jul 21, 2020
I mentioned this episode back in December, and @Jeopardy just reaired the proof for all the people who thought January 1st started a new decade. It didn’t! Image
Image
And the INCORRECT response given by all three contestants... Image
Read 4 tweets
Chris Jacobs Profile picture
Jul 14, 2020
THREAD: @standorn @FamiliesUSA released a study about the uninsured and #COVID19 that includes both material inaccuracies and material omissions, inflating the estimated number of uninsured as a result.

RT/follow along for details... 1/
The report takes estimates of job losses from February to May, and multiplies them using an @urbaninstitute formula of coverage changes from 2014-2018, to estimate coverage losses during the current recession. But the report has two flaws... 2/ familiesusa.org/wp-content/upl…
First, on at least a couple of occasions, it makes definitive -- and unwarranted -- statements. It claims "more than one in seven adults (16%) IS NOW UNINSURED."

In other words, it takes ESTIMATES and conflates them into FACT -- without a little thing called EVIDENCE. 3/
Read 16 tweets
Chris Jacobs Profile picture
May 2, 2020
Finally had a chance to ponder all the old @NASCAR races I'd like to see. And when I say "old," I mean before the @NASCARONFOX TV deal started in 2001.

In no particular order, they include... 1/
Have to start with the 1979 Daytona 500 @DISupdates. Talk about a finish! "And THERE'S A FIGHT!!!"
The other obvious @DISupdates selection: 1984 Firecracker 400 -- King @RPMotorsports' 200th win... 3/
Read 17 tweets

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